Mar 8, 2019

Axios PM

Mike Allen

Situational awareness: The Trump administration will release a budget proposal on Monday that calls for $750 billion in defense spending next year. Details.

1 big thing: Elizabeth Warren and 2020’s biggest ideas

Photo: Scott Olson/Getty Images

Elizabeth Warren might be one of more than a dozen Democrats running for president, but she's setting herself apart with sweeping policy ideas, Axios' Alexi McCammond and Neal Rothschild report.

Why it matters: Warren unveiled the most significant tech policy idea of the election today, proposing to break up Amazon, Facebook and Google.

  • Warren would ban huge companies from acting as both operators and users of a platform. (Hardest hit: Amazon and Google.)
  • She would also empower regulators who want to break up already-finalized mergers.
  • On the list, per Axios' David McCabe: Amazon's purchases of Whole Foods and Zappos; Google's purchases of ad product DoubleClick, Waze and Nest; Facebook's acquisitions of WhatsApp and Instagram.

Between the lines: This wasn't Warren's first aggressive proposal of the nascent campaign.

  • She has also proposed an annual tax of 2% on wealth beyond $50 million, which then increases to 3% on assets higher than $1 billion.
  • In addition, Warren is the first and so far only Democratic candidate to unveil a universal child care plan

The big picture, from the N.Y. Times' Astead Herndon: "Warren’s passion for policy minutiae has become her way of standing out in an increasingly crowded Democratic field, ... While other Democrats have focused on sweeping themes of unity or change ... Warren is making a personal and political wager that audiences care more about policy savvy than captivating oration."

The bottom line: In an ever-crowded primary field where candidates are relying on personalities to break through, Warren's constant flow of policy proposals is a way to show voters she's not just talking the talk.

Bonus: Pic du jour
Photo: Chris McGrath/Getty Images

People wait to take part in the first official public prayer marking the opening of Camlica Mosque on March 7, 2019 in Istanbul, Turkey.

  • Camlica Mosque is now Turkey's largest mosque, capable of accommodating more than 40,000 people.
  • The mosque was designed by two female architects and includes a museum, art gallery and library.
2. What you missed
  1. The pace of jobs growth slowed significantly in February with the economy adding 20,000 jobs, less than the 180,000 expected. The unemployment rate ticked down to 3.8% and wages rose 3.4% from the prior year — the best pace in a decade. Go deeper.
  2. Any Americans traveling to Europe after 2021 will need to register for a visa, the EU announced today.
  3. Exclusive: Beginning in 2020, Hypergiant Galactic Systems and the nonprofit Arch Mission plan to deploy the first in a series of small satellites intended to serve as relay points in an eventual interplanetary internet. Details.
  4. The entire U.S. women's national soccer team sued the U.S. Soccer Federation, accusing it of "institutionalized gender discrimination." Go deeper.
  5. Venezuela is into its second day of a massive power outage that left schools and businesses closed on President Nicolás Maduro's orders.
  6. Sam Altman is stepping down as president of Y Combinator, in order to spend more time on outside interests like the OpenAI research organization. Details.
3. Chart du jour
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Reproduced from eVestment; Table: Axios Visuals

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Mike Allen